By Adria Calatayud

Augean PLC said Thursday that it has received an extension to the deadline by which Morgan Stanley Infrastructure Inc. must indicate whether it plans to make a firm offer or walk away as talks between the two parties continue.

The U.K. waste-management company said its board requested an extension from the U.K. Takeover Panel to allow further time for discussions with Morgan Stanley Infrastructure, an infrastructure-investment arm of the U.S. bank. The panel granted the request and the deadline has been extended to Aug. 19 from Thursday, Augean said.

Morgan Stanley Infrastructure on May 27 said it was considering making an approach to Augean regarding a possible acquisition offer.

Write to Adria Calatayud at adria.calatayud@dowjones.com

(END) Dow Jones Newswires

July 22, 2021 04:32 ET (08:32 GMT)

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